Fisher Asset Management LLC Sells 29,826 Shares of Nio Inc – (NYSE:NIO)

Fisher Asset Management LLC decreased its holdings in Nio Inc – (NYSE:NIO) by 15.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 168,622 shares of the company’s stock after selling 29,826 shares during the quarter. Fisher Asset Management LLC’s holdings in NIO were worth $735,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. FMR LLC lifted its position in NIO by 5,388.5% in the 3rd quarter. FMR LLC now owns 5,394,895 shares of the company’s stock valued at $36,038,000 after acquiring an additional 5,296,601 shares in the last quarter. Quadrature Capital Ltd lifted its position in shares of NIO by 32.3% during the 3rd quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company’s stock worth $14,756,000 after buying an additional 538,907 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of NIO by 104.8% during the 4th quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company’s stock worth $5,018,000 after buying an additional 589,082 shares in the last quarter. Swedbank AB lifted its position in shares of NIO by 0.8% during the 4th quarter. Swedbank AB now owns 1,068,110 shares of the company’s stock worth $4,657,000 after buying an additional 9,000 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of NIO during the 3rd quarter worth approximately $4,879,000. Institutional investors own 48.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on NIO. JPMorgan Chase & Co. cut shares of NIO from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Macquarie cut shares of NIO from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $6.60 to $4.80 in a research report on Wednesday, November 20th. HSBC cut shares of NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Hsbc Global Res cut shares of NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group lowered shares of NIO from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $4.80 to $3.90 in a research note on Monday, November 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, NIO currently has a consensus rating of “Hold” and a consensus target price of $5.32.

NIO Stock Performance

Shares of NIO opened at $4.25 on Friday. The firm has a market cap of $8.86 billion, a PE ratio of -2.81 and a beta of 1.81. The stock’s fifty day moving average price is $4.34 and its two-hundred day moving average price is $4.80. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. Nio Inc – has a 1 year low of $3.61 and a 1 year high of $7.71.

NIO Profile

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.